Under Armour (NYSE:UAA) Given New $6.00 Price Target at Truist Financial

Under Armour (NYSE:UAA) had its target price upped by Truist Financial from $5.00 to $6.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial’s price objective indicates a potential upside of 5.91% from the company’s previous close.

UAA has been the topic of several other research reports. Telsey Advisory Group cut their price target on Under Armour from $6.00 to $5.50 and set a “market perform” rating on the stock in a report on Wednesday, May 13th. Zacks Research downgraded Under Armour from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Under Armour in a research report on Tuesday, July 21st. Citigroup reiterated a “sell” rating and issued a $4.75 target price (down from $6.20) on shares of Under Armour in a research note on Wednesday, May 13th. Finally, Wall Street Zen raised shares of Under Armour from a “sell” rating to a “hold” rating in a report on Sunday, May 24th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Under Armour currently has an average rating of “Hold” and an average price target of $5.98.

Under Armour Stock Performance

Shares of NYSE:UAA traded down $0.45 during trading on Monday, reaching $5.67. 9,320,509 shares of the company’s stock traded hands, compared to its average volume of 9,653,761. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.81 and a quick ratio of 0.96. Under Armour has a 12 month low of $4.13 and a 12 month high of $8.15. The company has a 50 day moving average of $6.41 and a 200-day moving average of $6.37. The stock has a market capitalization of $2.42 billion, a P/E ratio of -4.92, a price-to-earnings-growth ratio of 2.12 and a beta of 1.67.

Under Armour (NYSE:UAA) last issued its earnings results on Friday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Under Armour had a negative net margin of 9.99% and a positive return on equity of 4.04%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the company posted $0.02 earnings per share. Under Armour’s revenue was down 3.2% on a year-over-year basis. Under Armour has set its FY 2027 guidance at 0.080-0.120 EPS and its Q2 2027 guidance at -0.030–0.010 EPS. On average, equities analysts expect that Under Armour will post 0.11 EPS for the current year.

Insider Activity

In other Under Armour news, major shareholder V Prem Et Al Watsa acquired 739,521 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average cost of $4.97 per share, with a total value of $3,675,419.37. Following the acquisition, the insider directly owned 44,179,116 shares of the company’s stock, valued at $219,570,206.52. This represents a 1.70% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased 1,178,344 shares of company stock worth $5,865,147 in the last three months. Insiders own 15.70% of the company’s stock.

Institutional Trading of Under Armour

Several hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC boosted its position in Under Armour by 9.4% during the 1st quarter. NewEdge Advisors LLC now owns 23,908 shares of the company’s stock worth $141,000 after acquiring an additional 2,061 shares during the period. California State Teachers Retirement System increased its holdings in shares of Under Armour by 30.3% during the first quarter. California State Teachers Retirement System now owns 258,004 shares of the company’s stock valued at $1,525,000 after purchasing an additional 59,980 shares during the period. Quantinno Capital Management LP raised its stake in shares of Under Armour by 100.9% during the first quarter. Quantinno Capital Management LP now owns 1,226,299 shares of the company’s stock valued at $7,247,000 after purchasing an additional 615,828 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Under Armour by 13.3% during the first quarter. Public Employees Retirement System of Ohio now owns 64,415 shares of the company’s stock valued at $381,000 after purchasing an additional 7,577 shares in the last quarter. Finally, Sei Investments Co. acquired a new stake in Under Armour in the first quarter worth about $1,206,000. Institutional investors own 34.58% of the company’s stock.

About Under Armour

Under Armour, Inc (NYSE: UAA) is a global designer, marketer and distributor of performance athletic apparel, footwear and accessories. The company’s product portfolio spans a range of categories including training and running shoes, performance apparel engineered to manage moisture and temperature, and a variety of accessories such as bags, socks and headwear. Under Armour positions its offerings to serve athletes at every level—from professionals to everyday fitness enthusiasts—by combining innovative fabrics, advanced footwear technology and functional design.

Founded in 1996 by Kevin Plank, a former University of Maryland football player, Under Armour initially gained recognition for its moisture-wicking T-shirts, which provided a lightweight alternative to traditional cotton.